Ex-Dividend Reminder: 3M, Eli Lilly and Provident Financial Services

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Looking at the universe of stocks we cover at Dividend Channel , on 2/12/14, 3M Co (Symbol: MMM), Eli Lilly & Co. (Symbol: LLY), and Provident Financial Services Inc (Symbol: PFS) will all trade ex-dividend for their respective upcoming dividends. 3M Co will pay its quarterly dividend of $0.855 on 3/12/14, Eli Lilly & Co. will pay its quarterly dividend of $0.49 on 3/10/14, and Provident Financial Services Inc will pay its quarterly dividend of $0.15 on 2/28/14. As a percentage of MMM's recent stock price of $129.55, this dividend works out to approximately 0.66%, so look for shares of 3M Co to trade 0.66% lower - all else being equal - when MMM shares open for trading on 2/12/14. Similarly, investors should look for LLY to open 0.92% lower in price and for PFS to open 0.91% lower, all else being equal.

Below are dividend history charts for MMM, LLY, and PFS, showing historical dividends prior to the most recent ones declared.

3M Co (Symbol: MMM) :

MMM+Dividend+History+Chart

Eli Lilly & Co. (Symbol: LLY) :

LLY+Dividend+History+Chart

Provident Financial Services Inc (Symbol: PFS) :

PFS+Dividend+History+Chart

In general, dividends are not always predictable, following the ups and downs of company profits over time. Therefore, a good first due diligence step in forming an expectation of annual yield going forward, is looking at the history above, for a sense of stability over time. This can help in judging whether the most recent dividends from these companies are likely to continue. If they do continue, the current estimated yields on annualized basis would be 2.64% for 3M Co, 3.69% for Eli Lilly & Co., and 3.66% for Provident Financial Services Inc.

In Monday trading, 3M Co shares are currently down about 0.6%, Eli Lilly & Co. shares are off about 0.1%, and Provident Financial Services Inc shares are down about 0.6% on the day.

Click here to learn which 25 S.A.F.E. dividend stocks should be on your radar screen »



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.



This article appears in: Investing , Investing Ideas

Referenced Stocks: MMM , LLY , PFS

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